Roth IRA Contribution Limits and Eligibility
1.Roth IRA EligibilityUse our simple tool to find out if you qualify for a Roth IRA. |
2.Find Your FundLooking for an easy way to save for retirement? Consider a T. Rowe Price Retirement Fund. |
3.Open Your AccountReady to get started with a T. Rowe Price Roth IRA? |
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How can a T. Rowe Price Roth IRA help you?
There are many ways a T. Rowe Price Roth IRA can help you achieve financial and retirement investing goals:
- You pay no taxes when making qualified withdrawals after age 59½ and the account has been open at least five years.
- There are no minimum distribution requirements for the account owner.
- You may potentially reduce or eliminate the taxes your beneficiaries will have to pay after inheriting.
- Up to $10,000 in earnings may be withdrawn tax-free if used for a qualified first-time home purchase.
Roth IRA Contributions
You can make contributions to a T. Rowe Price Roth IRA when earning income, as long as that income falls below the following limits:
- For married filing jointly—modified adjusted gross income of $188,000 for tax year 2013.
- For single taxpayers—modified adjusted gross income of $127,000 for tax year 2013.
- For married filing separately—$10,000 modified adjusted gross income for tax year 2013.
The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date,
which is the approximate date when investors turn age 65. The funds invest in a broad range of underlying mutual funds
that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market.
The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance
the need for appreciation with the need for income as retirement approaches, and focus more on income and principal
stability during retirement. The funds maintain a substantial allocation to equities both prior to and after the target
date, which can result in greater volatility.
*Based on cumulative total return, 12 of 12, 12 of 12, 12 of 12, 5 of 5, and 7 of 7 of the Retirement Funds for individual investors outperformed their Lipper average for the 1-, 3-, 5-, and 10-year, and since-inception periods ended 3/31/13, respectively. The Retirement 2010, 2020, 2030, 2040, and Income Funds began operations on 9/30/02; the 2005, 2015, 2025, and 2035 Funds began operations on 2/29/04; the 2045 Fund began operations on 5/31/05; and the 2050 and 2055 Funds began operations on 12/31/06. (Source for data: Lipper Inc.)
*Based on cumulative total return, 12 of 12, 12 of 12, 12 of 12, 5 of 5, and 7 of 7 of the Retirement Funds for individual investors outperformed their Lipper average for the 1-, 3-, 5-, and 10-year, and since-inception periods ended 3/31/13, respectively. The Retirement 2010, 2020, 2030, 2040, and Income Funds began operations on 9/30/02; the 2005, 2015, 2025, and 2035 Funds began operations on 2/29/04; the 2045 Fund began operations on 5/31/05; and the 2050 and 2055 Funds began operations on 12/31/06. (Source for data: Lipper Inc.)
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